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by nanis
934 days ago
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> [The Queen] granted her charter to their corporation named Governor and Company of Merchants of London trading into the East Indies.[15] For a period of fifteen years, the charter awarded the company a monopoly[26] on English trade with all countries east of the Cape of Good Hope and west of the Straits of Magellan.[27] Any traders there without a licence from the company were liable to forfeiture of their ships and cargo (half of which would go to the Crown and half to the company), as well as imprisonment at the "royal pleasure".[28] Government granted monopoly. https://en.wikipedia.org/wiki/East_India_Company |
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